real estate

Editor’s Note: On Friday’s NewsHour, we aired another in our series of reports on making sense of the recession. The segment is about the “upside of the downturn,” which looks at the silver lining of the economic slump. Paul Solman: … Continue reading →

More gloomy news emerged on the U.S. economic front Tuesday as consumer confidence fell to a record low in December and new data showed home prices dropped by the sharpest annual rate on record in October. Continue reading →

The collapse of financial institutions on Wall Street has sent ripples of fear through local economies across the U.S. Four business journalists from across the nation assess the regional impacts of the financial upheaval. Continue reading →

After a frantic weekend that shook Wall Street to the core, Lehman Brothers filed for bankruptcy Monday under the weight of $60 billion in bad real estate holdings and Bank of America moved to buy Merrill Lynch in a $50 billion deal. Continue reading →

The drive to own more homes and renovate old ones in the U.S. fueled the number of bank loans that underlie the country’s meltdown. In the first in a series of interviews on the economic downturn, Daniel McGinn, author of “House Lust,” details his take on the factors behind the housing and credit crises. Continue reading →

Home prices slid by a steep 15.8 percent in 20 U.S. cities in May, according to the Standard & Poor’s/Case-Shiller home-price index released Tuesday, offering the latest evidence of continuing struggles in the nation’s housing market. Continue reading →

Residents of a once-prosperous California community are feeling an economic pinch as home foreclosures, the credit crunch, low consumer confidence and high oil prices have hurt the U.S. economy. Continue reading →

The city of Baltimore has lately seen skyrocketing foreclosure rates and slumping home prices. The housing shake-up led the city to sue its largest lender — Wells Fargo — over allegations that it gave black homebuyers higher loan rates than white buyers. Ray Suarez examines the impact of the housing crisis in Baltimore. Continue reading →

As home foreclosures reached a record high Thursday, President Bush announced a deal with mortgage lenders to freeze interest rates on some subprime mortgages due to move sharply higher soon. Treasury Secretary Henry Paulson discusses the details of the proposal. Continue reading →